Should I invest in Franklin Build India Fund?

I want to Invest in sector funds. I have selected following funds

1) ICICI Prudential Banking & Financial Services Fund
2) Franklin Build India Fund

Please advice whether I should go ahead with both funds or should I choose just one?

--Aadil Darvesh

Chirag Gokani, founder, WealthWiz Advisors, responds:

Both these funds have high exposure towards banking and financial services sector. Both funds have good portfolio with strong names. However, I would suggest that you should choose Franklin Build India fund as it has a more diversified portfolio with banking at 40 per cent plus allocation. If you want to take higher exposure in banking you may consider Canara Robeco FORCE Fund as it focuses on consumption theme and approximately 50 per cent plus is in banking and financial services sector.

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